Gold looks to have cleared the 200 dma but is overbought..if we do see a pullback behaviour at the 200 dma will be critical - any breach to the downside would need to be short-lived if the bull-trend is to be renewed

Wednesday, 26 February 2014

Don Coxe

(from Casey Daily Despatch)

"Heroin was the battlefield anesthetic of choice for severely
wounded soldiers. The crucial medical decision was not whether to
deliver the heroin: that was easy. The tough part—for doctor and
patient—was deciding on and enforcing its withdrawal before the soldier
became a hopeless addict.

The Fed has been lulled into the economically perilous belief
that capitalism should be stimulated with sustained injections of a
potent narcotic long after the patient is out of the emergency ward. Zero-cost
money and an underpriced mid-to-long Treasury market most certainly
will make the economy rebound, not subside into languid repose.

This mechanistic assumption ignores the guts component of
capitalism: hard work and taking risk for reward. The Fed’s long-term
recovery is, in effect, based on the unstated premise that risk is a
four-letter word that has, like another four-letter word beginning with
“f,” little place in genteel company."

The low was 1485 so 1850 is the level.We got above it but closed below.Wednesday is the actual anniversary and of course the calculation is slightly different for solar degrees rather than days

Of course this fits nicely with the 144day/288 pts square I posted a couple of days ago and we have the 5 year cycle approaching. It seems to align with John Hampson's fractal work too (SolarCycles blog)

so far this is looking quite good.I posted at the start of the year and was speculating whether we'd get a false break and reversal back above support and it is beginning to look constructive,although the weekly chart still looks bearish

Monday, 24 February 2014

https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/ Social media/Internet infiltration and manipulation,link from Glen Greenwald

and this

http://daily99998271.blogspot.co.uk/2014/02/the-new-stasi.html

"Among the core self-identified purposes of JTRIG are two tactics: (1)
to inject all sorts of false material onto the internet in order to
destroy the reputation of its targets; and (2) to use social sciences
and other techniques to manipulate online discourse and activism to
generate outcomes it considers desirable.

To see how extremist these programs are, just consider the tactics they
boast of using to achieve those ends: “false flag operations” (posting
material to the internet and falsely attributing it to someone else),
fake victim blog posts (pretending to be a victim of the individual
whose reputation they want to destroy), and posting “negative
information” on various forums. "

The
German Constitutional Court has ruled against the European Central
Bank’s pledge to buy potentially unlimited quantities of distressed
eurozone countries’ government bonds, and has called on the European
Court of Justice (ECJ) to confirm its decision. Until that happens, the
“outright monetary transactions” (OMT) scheme is effectively dead,
weakening the ECB’s ability to act as an effective and credible
financial-market backstop at a time when European governments remain
unwilling to fill the void.

The
German Constitutional Court has ruled against the European Central
Bank’s pledge to buy potentially unlimited quantities of distressed
eurozone countries’ government bonds, and has called on the European
Court of Justice (ECJ) to confirm its decision. Until that happens, the
“outright monetary transactions” (OMT) scheme is effectively dead,
weakening the ECB’s ability to act as an effective and credible
financial-market backstop at a time when European governments remain
unwilling to fill the void.

The
German Constitutional Court has ruled against the European Central
Bank’s pledge to buy potentially unlimited quantities of distressed
eurozone countries’ government bonds, and has called on the European
Court of Justice (ECJ) to confirm its decision. Until that happens, the
“outright monetary transactions” (OMT) scheme is effectively dead,
weakening the ECB’s ability to act as an effective and credible
financial-market backstop at a time when European governments remain
unwilling to fill the void.

The
German Constitutional Court has ruled against the European Central
Bank’s pledge to buy potentially unlimited quantities of distressed
eurozone countries’ government bonds, and has called on the European
Court of Justice (ECJ) to confirm its decision. Until that happens, the
“outright monetary transactions” (OMT) scheme is effectively dead,
weakening the ECB’s ability to act as an effective and credible
financial-market backstop at a time when European governments remain
unwilling to fill the void.

" in December 1944, Bill Donovan, head of the OSS, and
Allen
Dulles, OSS head of intelligence operations in Europe operating out
of Switzerland, strongly urged FDR to approve a plan allowing Nazi
intelligence officers, scientists and industrialists to be,

"given
permission for entry into the United States after the war and the
placing of their earnings on deposit in an American bank and the
like."

FDR swiftly turned the proposal down, saying,

"We expect that
the number of Germans who are anxious to save their skins and
property will rapidly increase. Among them may be some who should
properly be tried for war crimes, or at least arrested for active
participation in Nazi activities. Even with the necessary controls
you mention, I am not prepared to authorize the giving of
guarantees."

But this presidential veto was a dead letter even as it was being
formulated. Operation Overcast was certainly under way by July 1945,
approved by the Joint Chiefs of Staff to bring into the US 350
German scientists, including Werner Von Braun and his V2 rocket
team, chemical weapons designers, and artillery and submarine
engineers. There had been some theoretical ban on Nazis being
imported, but this was as empty as FDR’s edict. The Overcast
shipment included such notorious Nazis and SS officers as
Von Braun,
Dr. Herbert Axster, Dr. Arthur Rudolph and Georg Richkey. "

Since China represents about 10% of global GDP, any problems in China
will not stop there but will ripple around the world in dangerous ways.
This could hit the U.S. in 2015, just as the U.S. debt and deficit
problems begin to negatively impact our own economy. A continuation of
the depression that began in 2007 is likely and a new more dangerous
stage of the depression is possible.

Sunday, 23 February 2014

I didnt spot this Gann square at the recent high. There is also a square of the low at the 1740 low,being 156 days from 1560.Next up to watch is 180 days,which clusters with the 5 year anniversary of the 2009 low. 1740 was caught by the 3/8 line (not drawn)

“Google will
know the answer to your question before you have asked it, he
says. It will have read every email you've ever written, every
document, every idle thought you've ever tapped into a
search-engine box. It will know you better than your intimate
partner does. Better, perhaps, than even yourself.”